Chapter 14 - Government Employees’ Retirement Fund
| 7.1401 Purpose and intent. (a) The purpose of the Government Retirement… |
| 7.1402 Title of fund. The fund shall be known as the “American Samo… |
| 7.1403 Definitions. As used in this chapter:(a) “Actuary” means a… |
| 7.1405 Legislative changes. (a) The Senate and the House of Representativ… |
| 7.1410 Board of Trustees—Term of office. (a) The responsibility for the proper adminis… |
| 7.1411 Board of Trustees—Duties. The Board of Trustees shall have, in addition… |
| 7.1412 Executive Director—Duties. The Executive Director shall be in charge of… |
| 7.1415 Employment of an assistant director, staff and professional services. (a) Subject to the approval of the Board, the… |
| 7.1416 Indemnification The Fund shall save harmless, indemnify and d… |
| 7.1420 Members of fund. The following employees shall be members of t… |
| 7.1421 Persons ineligible for membership. The following employees are not eligible for… |
| 7.1430 Credit (a) Credit for service prior to the operative… |
| 7.1431 Computation of credit. (a) The contributions required pursuant to 7.… |
| 7.1433 Government contributions to Fund. (a) The government shall make contributions t… |
| 7.1434 Members’ contributions to the Fund. (a) Each member of the Fund shall contribute… |
| 7.1435 Prohibition of deductions from ineligible employees’ salaries. An employee who is ineligible for membership… |
| 7.1436 Individual accounts for each member. (a) An individual account shall be maintained… |
| 7.1437 Interest of members in Fund. Each member shall, by virtue of the payment o… |
| 7.1438 Transfer and attachment of interest prohibited. The right to a retirement annuity, or refund,… |
| 7.1439 Refund of contributions of separated employees—Return to employment. (a) Any member whose employment is terminated… |
| 7.1440 Withdrawals by employees prohibited. An active member may not withdraw any of his… |
| 7.1441 Retirement—Voluntary and mandatory—Elected officials may finish term. (a) Notice. All employees must be advised of… |
| 7.1442 Retirement payments. (a) Each member shall receive an annual servi… |
| 7.1443 Death benefits. (a) Should a member in either an active or in… |
| 7.1444 Investment of reserves exceeding current requirements. (a) The reserves of the Fund in excess of req… |
| 7.1444.3 Loans to the American Samoa Government. (a) In accordance with the provisions of sect… |
| 7.1444.4 Credit facility authorization—Assistance—American Samoa Medical Center Authority. (a) In accordance with the provisions of sect… |
| 7.1444.5 Loan to American Samoa Government—Renovations of Capital Improvements and Projects. (a) In accordance with the provisions of sect… |
| 7.1445 Conflicts of interest—Prohibited acts. A member or an employee of the Board may not… |
| 7.1446 Accounts and records. An adequate system of accounts and records sh… |
| 7.1447 Costs and expenses. The costs and expenses of the administration… |
| 7.1448 Actuarial surveys and valuations of the fund. Every 5 years an actuarial survey and investi… |
| 7.1448.1 Administrative costs—Procedures for payment. All costs incurred to administer the Fund pur… |
| 7.1449 False representation—Penalty. (a) A person who knowingly makes any false st… |